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The Venture Codex

AAIC

180B Bencoolen Street, #05-02 The Bencoolen Office Tower, Singapore, Central Singapore, 189648

Overview

Investing in fast-growing healthcare companies in Africa.

Founded

2013

Deals ยท 12mo

2

Links

WebsiteLinkedInX (Twitter)

Stage focus

Seed
Series A
Series B

Geographic focus

Egypt
Kenya
Nigeria
South Africa
...

Sector focus

Health Care

Investment portfolio

20rounds
NAMEDATESIZE
Aumet
May 2026Participated
$12 MSeries A
Shiprazor
Apr 2026Participated
$3 MSeed
Chowdeck
Aug 2025Participated
$9 MSeries A
Ilara Health
Feb 2024Participated
$4 MSeries A
Lapaire
Jan 2024Participated
$3 MOther Equity
Waspito
Nov 2023Participated
$3 MSeed
Zanifu
Aug 2023Participated
$11 MSeries A
Credable
Mar 2023Participated
$3 MSeed
Aumet
Mar 2023Participated
$7 MSeries A
Yodawy
Feb 2023Participated
$16 MSeries B
Ubie
Dec 2022Participated
$19 MSeries C
CrowdForce
Feb 2022Participated
$4 MSeries A
Aumet
May 2026Participated
$12 MSeries A
Shiprazor
Apr 2026Participated
$3 MSeed
Chowdeck
Aug 2025Participated
$9 MSeries A
Ilara Health
Feb 2024Participated
$4 MSeries A
Lapaire
Jan 2024Participated
$3 MOther Equity
Waspito
Nov 2023Participated
$3 MSeed
Zanifu
Aug 2023Participated
$11 MSeries A
Credable
Mar 2023Participated
$3 MSeed
Aumet
Mar 2023Participated
$7 MSeries A
Yodawy
Feb 2023Participated
$16 MSeries B
Ubie
Dec 2022Participated
$19 MSeries C
CrowdForce
Feb 2022Participated
$4 MSeries A
20
Items
...
Browse all public portfolio deals

Insights

Time horizon

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Deal Distribution

AAIC: 20 funding rounds are recorded in the selected participation categories.All available history.
AAIC: 20 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed04
Series A08
Series B04
Series C+01
Other Equity03

Monthly Deal Activity

AAIC: 20 deals are recorded across 105 months.All available history.
AAIC: 20 deals are recorded across 105 months. All available history
MonthDeals
Feb '181
Mar '180
Apr '180
May '180
Jun '180
Jul '180
Aug '180
Sep '180
Oct '180
Nov '180
Dec '180
Jan '190
Feb '190
Mar '190
Apr '190
May '190
Jun '190
Jul '190
Aug '190
Sep '190
Oct '190
Nov '190
Dec '191
Jan '201
Feb '200
Mar '200
Apr '200
May '200
Jun '200
Jul '200
Aug '200
Sep '201
Oct '200
Nov '200
Dec '200
Jan '210
Feb '210
Mar '210
Apr '210
May '211
Jun '210
Jul '210
Aug '210
Sep '210
Oct '211
Nov '210
Dec '211
Jan '220
Feb '222
Mar '220
Apr '220
May '220
Jun '220
Jul '220
Aug '220
Sep '220
Oct '220
Nov '220
Dec '221
Jan '230
Feb '231
Mar '232
Apr '230
May '230
Jun '230
Jul '230
Aug '231
Sep '230
Oct '230
Nov '231
Dec '230
Jan '241
Feb '241
Mar '240
Apr '240
May '240
Jun '240
Jul '240
Aug '240
Sep '240
Oct '240
Nov '240
Dec '240
Jan '250
Feb '250
Mar '250
Apr '250
May '250
Jun '250
Jul '250
Aug '251
Sep '250
Oct '250
Nov '250
Dec '250
Jan '260
Feb '260
Mar '260
Apr '261
May '261
Jun '260
Jul '260
Aug '260
Sep '260
Oct '260

Sector Breakdown

AAIC: Health & Life Sciences is the largest displayed sector by deal count (10 deals).All available history.

A deal can appear in multiple sectors, so sector totals may overlap. Capital represents disclosed total round sizes, not fund cheque sizes.

AAIC: Health & Life Sciences is the largest displayed sector by deal count (10 deals). All available history
SectorDeals
Health & Life Sciences10
E-Commerce & Retail6
Fintech6
Transportation & Logistics5
Enterprise Software4
Networks, Cloud & Communication3
Professional Services3
Government & Defense2
Manufacturing2
Clean Energy & Sustainability1
Data, Analytics & IT1
Crypto & Blockchain1
AI & Machine Learning1
Food & Agriculture1
Social & Community Platforms1

Deal Size Distribution

AAIC: 20 rounds have a disclosed size in the displayed size bands.All available history.

Undisclosed round sizes are excluded. Capital represents total round sizes, not fund cheque sizes.

AAIC: 20 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M10
$5M-$10M4
$10M-$25M5
$25M-$50M1
$50M-$100M0
$100M-$250M0
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

AAIC: Kenya has the largest recorded deal count among the displayed regions (5 deals).All available history.

Top 9 of 9 regions; European countries are grouped as Europe.

AAIC: Kenya has the largest recorded deal count among the displayed regions (5 deals). All available history
RegionDeals
Kenya5
United States4
Egypt3
South Africa2
Nigeria2
Tanzania1
Cameroon1
Japan1
Togo1
AAIC: 20 co-investors are shown, with P1 Ventures sharing 3 recorded deals.All available history.

Co-Investors

Bubble size = shared deals

Click a bubble to open that fund in a new tab.

Shows up to 20 co-investors ranked by shared deals. Deals may be shared with multiple funds, so rows overlap. Capital is total round size, not fund cheque size.

AAIC: 20 co-investors are shown, with P1 Ventures sharing 3 recorded deals. All available history
Co-investorShared deals
P1 Ventures3
Cigalah Group2
Launch Africa2
Shorooq Partners2
500 Global1
Acasia Ventures1
Accion Venture Lab1
Acuity Ventures1
AIJ Holdings1
Alphamundi1
Angaza Capital1
Aruwa Capital Management1
Athaal group1
Atlantica Ventures1
AUC Angels1
Axian1
Beyond Capital1
Beyond Capital Ventures1
Black Pearl Investments1
Boehringer Ingelheim1

Investment Strategy

AAIC: Led accounts for 0% and participating for 100% of round participation.All available history.
AAIC: Led accounts for 0% and participating for 100% of round participation. All available history
CategoryDeals (count)Share (%)
Led00%
Participating20100%
AAIC: Single-lead accounts for 0% and co-led for 0% of lead dynamics.All available history.
AAIC: Single-lead accounts for 0% and co-led for 0% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead00%
Co-led00%

Lead dynamics requires at least one led deal in this range

Team

Hiroki Ishida
Shigeru Handa

Director

Susumu Tsubaki

Chief Executive Officer & Director